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On July 31, 2022, Vaughn Company had a cash balance per books of $6,132.05. The statement from Dakota State Bank on that date showed a

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On July 31, 2022, Vaughn Company had a cash balance per books of \$6,132.05. The statement from Dakota State Bank on that date showed a balance of $7,748.15. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bankservice charge for July was $25. 2. The bank collected $1,720.00 for Keeds Company through electronic funds transfer 3. The July 31 receipts of $1,297.50 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $391 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $319. 5. Checks outstanding on July 31 totaled $1,866.60 6. On July 31, the bank statement showed an NSF charge of $576,00 for a checkreceived by the company from W. Krueger, a. customer, on account. VAUGHN COMPANY Bank Reconciliation July 31,2022 $ Deposits in Transit Less > : Outstanding Checke- Adiusted Cash Balance Per Bank Cash Balance Per Books Add Electronic Fands Transter Rece.ved Y Bank Service Charge NSF Check Error in Recording Check No 2480 Cash Balance Per Bools

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